Friday, December 07, 2012

With Conservatives Like These...

Canada's promise to get back into the black by 2015 was tossed out the window Tuesday.

In a speech in Fredericton, N.B., Tuesday, Finance Minister Jim Flaherty admitted the government will not be able to balance the books until at least 2016-17, a year later than he has been promising for the last three years. Canada will also see deficits increase by $20.4 billion over the next four years, forced upward by shrinking revenues in the face of global economic weakness.

"Canada has clearly been affected by volatile and falling world commodity prices since the budget in late March," he said.

Sure. So what about all that new spending you've announced over the last six and a half years? Any of that being cut back? Minister Flaherty?

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Since then he 'rescinded' this comment and re-promised to be back in black by 2015. Anybody who thinks Flaherty or the other jokers comprising this government will ever balance anything is a fool. Come back Paul Martin! We never should have let you go!

No one ever won an election by cutting spending. I know, sad staement, but we have seen what the bread and circus in the USA is buying. You can bet our politicians have seen it too.

As for wanting Paul Martin back, utter bullcrap. All Paul Marin did was download the costs onto the provinces by cutting transfers. They cut the PS and the military, which saved money, but then they hired back all the PS folks and more. The CPC has been just as bad with that as they hired even more PS folks, but that god the military is still only 60 thousand (you can hear the sarcasm, right?)

Given the overall average political I.Q. all over the Western world, Canada is currently as good as it gets and that ain't great. Wait until PM Mulcair gets a term under his belt, he might even devolve Canada into Obama's relative debt magnitude. It really helps when you can put the economy into stasis.